CBIZ, Inc. (CBZ) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC cut its holdings in shares of CBIZ, Inc. (NYSE:CBZ) by 6.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 138,375 shares of the business services provider’s stock after selling 9,746 shares during the period. Private Advisor Group LLC owned 0.25% of CBIZ worth $2,311,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. increased its stake in shares of CBIZ by 0.9% during the second quarter. Ameriprise Financial Inc. now owns 13,840 shares of the business services provider’s stock valued at $208,000 after buying an additional 130 shares during the period. The Manufacturers Life Insurance Company grew its stake in CBIZ by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 39,771 shares of the business services provider’s stock worth $596,000 after purchasing an additional 847 shares during the period. Zacks Investment Management grew its stake in CBIZ by 2.8% in the second quarter. Zacks Investment Management now owns 83,202 shares of the business services provider’s stock worth $1,248,000 after purchasing an additional 2,252 shares during the period. Voya Investment Management LLC grew its stake in CBIZ by 9.9% in the second quarter. Voya Investment Management LLC now owns 29,025 shares of the business services provider’s stock worth $435,000 after purchasing an additional 2,618 shares during the period. Finally, Dynamic Technology Lab Private Ltd grew its stake in CBIZ by 25.5% in the second quarter. Dynamic Technology Lab Private Ltd now owns 19,939 shares of the business services provider’s stock worth $299,000 after purchasing an additional 4,047 shares during the period. 84.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CBIZ, Inc. (CBZ) opened at $15.05 on Wednesday. The firm has a market capitalization of $825.51, a price-to-earnings ratio of 18.35 and a beta of 0.79. CBIZ, Inc. has a 12 month low of $12.65 and a 12 month high of $17.25. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.39.

CBIZ (NYSE:CBZ) last issued its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.04). The firm had revenue of $207.70 million during the quarter, compared to analysts’ expectations of $212.66 million. CBIZ had a return on equity of 8.94% and a net margin of 5.34%. CBIZ’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.20 earnings per share. analysts predict that CBIZ, Inc. will post 0.84 EPS for the current year.

In related news, insider Chris Spurio sold 16,250 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $15.18, for a total value of $246,675.00. Following the sale, the insider now directly owns 191,293 shares of the company’s stock, valued at $2,903,827.74. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.90% of the stock is owned by corporate insiders.

Several equities research analysts recently weighed in on CBZ shares. Zacks Investment Research cut CBIZ from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. ValuEngine raised CBIZ from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub raised CBIZ from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th.

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CBIZ Profile

CBIZ, Inc (CBIZ) is engaged in the professional services business. The Company operates its professional services business through acquiring and integrating accounting and financial service providers, group health benefits consulting firms, property and casualty brokerage firms, payroll service providers, and valuation and other service firms throughout the United States.

Institutional Ownership by Quarter for CBIZ (NYSE:CBZ)

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